Originally published at NEA.com
There is no other way to say it: Nick Shine* is a very awkward young man.
He just graduated from college last spring, he is sometimes offputtingly intense, and he has never used a spreadsheet. But Nick had a burning idea for a cool new Wave-2 e-commerce company, and he couldn’t have chosen a better time to start it: with a laptop and a broadband connection, a glimmer of an idea, and a solid grasp of today’s technology, content, and distribution platforms, it’s never been easier to launch a business.
So Nick borrowed money from friends and family, stole nights and weekends from his girlfriend and co-founders, and launched a new service that was starting to attract big brands. The time to get serious was now, and he needed to raise capital.